The Federal Reserve

They should operate as my personal piggy bank, IMO.

Independently! Always. We are not China.

Anyone who thinks they are independent is naive



But that’s none of my business

Ya let's have politicians weaponize our currency more than they already do

From best to worst...



1) Independently


2) Under Congressional oversight





































Way off the fricking list) Under executive power





You serious with this?

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They shouldn’t exist at all

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You got that right. If you think it operates independently now, you are kidding yourself.

I agree that it shouldn't be under executive power as it exists. Do some reading, all the old money owns the federal reserve and manipulate it to their own ends.

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Should The Federal Reserve operate independently or under Executive Power?

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No.

I'm going to side with Andrew Jackson on central banks.

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The entire control would necessarily fall into the hands of a few citizen stockholders. There is danger that a president and directors would then be able to elect themselves from year to year, and without responsibility or control manage the whole concerns of the bank. It is easy to conceive that great evils to our country and its institutions might flow from such a concentration of power in the hands of a few men irresponsible to the people.

There is nothing in its [the Bank’s] legitimate functions which makes it necessary or proper.

It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society–the farmers, mechanics, and laborers–who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their Government.

There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me there seems to be a wide and unnecessary departure from these just principles.

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Which influential men leading up to the fed's inception opposed it? How did they die?

The Titanic? What ever do you mean?